Electronics For Imaging, Inc. (EFII) Receives $33.80 Consensus Price Target from Brokerages

Electronics For Imaging, Inc. (NASDAQ:EFII) has been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.80.

A number of analysts recently weighed in on the stock. ValuEngine cut shares of Electronics For Imaging from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Zacks Investment Research raised shares of Electronics For Imaging from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Wednesday, October 10th. Finally, BidaskClub lowered shares of Electronics For Imaging from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th.

In related news, insider Guy Gecht sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $34.78, for a total value of $313,020.00. Following the completion of the transaction, the insider now owns 282,367 shares of the company’s stock, valued at approximately $9,820,724.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.63% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Granite Investment Partners LLC boosted its stake in Electronics For Imaging by 5.1% in the 3rd quarter. Granite Investment Partners LLC now owns 438,234 shares of the technology company’s stock worth $14,935,000 after purchasing an additional 21,384 shares during the period. Eagle Boston Investment Management Inc. boosted its stake in Electronics For Imaging by 7.5% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 449,061 shares of the technology company’s stock worth $15,303,000 after purchasing an additional 31,353 shares during the period. Systematic Financial Management LP acquired a new position in Electronics For Imaging in the 3rd quarter worth approximately $1,416,000. Piermont Capital Management Inc. acquired a new position in Electronics For Imaging in the 3rd quarter worth approximately $2,949,000. Finally, Virginia Retirement Systems ET AL boosted its stake in Electronics For Imaging by 61.0% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 27,700 shares of the technology company’s stock worth $944,000 after purchasing an additional 10,500 shares during the period.

NASDAQ:EFII traded down $1.46 during trading hours on Monday, reaching $29.74. 308,335 shares of the company’s stock were exchanged, compared to its average volume of 544,259. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 110.15, a PEG ratio of 96.21 and a beta of 1.07. Electronics For Imaging has a 12 month low of $25.28 and a 12 month high of $35.62.

Electronics For Imaging (NASDAQ:EFII) last issued its earnings results on Monday, October 29th. The technology company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $257.10 million during the quarter, compared to analysts’ expectations of $263.24 million. Electronics For Imaging had a negative net margin of 2.27% and a positive return on equity of 0.51%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. As a group, research analysts predict that Electronics For Imaging will post 0.11 earnings per share for the current fiscal year.

About Electronics For Imaging

Electronics for Imaging, Inc provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Its Industrial Inkjet segment offers VUTEk format display graphics, Nozomi corrugated packaging and display, Reggiani textile, and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks; various textile inks, including dye sublimation, pigmented, reactive dye, acid dye, pure disperse dye, and water-based dispersed printing inks, as well as coatings; digital inkjet printer parts; and professional services.

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Analyst Recommendations for Electronics For Imaging (NASDAQ:EFII)

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